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Actuary, Medicaid (Remote)

Humana

Humana

Accounting & Finance
Remote
Posted on Tuesday, June 25, 2024

Become a part of our caring community and help us put health first

The Medicaid Actuary role is responsible for providing actuarial support for multiple states in collaboration with the market operations and finance teams.
  • Below are the specific day to day responsibilities of the Medicaid Actuary role:
    • Frequent analysis of actual experience compared to rate development funding and budget to generate insights into claims trends and funding issues
    • Development of revenue and claim budget projections in close collaboration with Financial Operations and market CFOs
    • Analysis of changes in capitation rates and risk adjustment methodology in order to communicate the financial impact and concerns to the market CFO and the market president
    • Collaborate closely with market CFOs in order to support a wide variety of actuarial analysis, including: provider contracts, IBNR, vendor ROI, program and legislative change impacts
    • Programming and modeling in SAS and Excel to incorporate state specific claims taxonomies and various other ad hoc requests


Use your skills to make an impact

Required Qualifications

  • Bachelor's Degree
  • FSA or ASA plus relevant advanced degree, recent and relevant work experience, and/or other relevant professional designations
  • MAAA
  • Strong communication skills
  • Experience in more than two functions (e.g., modeling, pricing, rate filing, reporting & analysis, reserving or trending)
  • 8 or more years of technical experience
  • 2 or more years of project leadership experience

Scheduled Weekly Hours

40

Pay Range

The compensation range below reflects a good faith estimate of starting base pay for full time (40 hours per week) employment at the time of posting. The pay range may be higher or lower based on geographic location and individual pay will vary based on demonstrated job related skills, knowledge, experience, education, certifications, etc.


$126,800 - $174,500 per year


This job is eligible for a bonus incentive plan. This incentive opportunity is based upon company and/or individual performance.

Description of Benefits

Humana, Inc. and its affiliated subsidiaries (collectively, “Humana”) offers competitive benefits that support whole-person well-being. Associate benefits are designed to encourage personal wellness and smart healthcare decisions for you and your family while also knowing your life extends outside of work. Among our benefits, Humana provides medical, dental and vision benefits, 401(k) retirement savings plan, time off (including paid time off, company and personal holidays, volunteer time off, paid parental and caregiver leave), short-term and long-term disability, life insurance and many other opportunities.


About us

Humana Inc. (NYSE: HUM) is committed to putting health first – for our teammates, our customers and our company. Through our Humana insurance services and CenterWell healthcare services, we make it easier for the millions of people we serve to achieve their best health – delivering the care and service they need, when they need it. These efforts are leading to a better quality of life for people with Medicare, Medicaid, families, individuals, military service personnel, and communities at large.


Equal Opportunity Employer

It is the policy of Humana not to discriminate against any employee or applicant for employment because of race, color, religion, sex, sexual orientation, gender identity, national origin, age, marital status, genetic information, disability or because he or she is a protected veteran. It is also the policy of Humana to take affirmative action to employ and to advance in employment, all persons regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, age, marital status, genetic information, disability or protected veteran status, and to base all employment decisions only on valid job requirements. This policy shall apply to all employment actions, including but not limited to recruitment, hiring, upgrading, promotion, transfer, demotion, layoff, recall, termination, rates of pay or other forms of compensation and selection for training, including apprenticeship, at all levels of employment.